SeSocio, a Latin American cryptocurrency investing platform, is acquired by Blockchain.com
Blockchain.com has purchased SeSocio, an Argentine-based cryptocurrency investing platform. While the purchase agreement itself has not been made public, individuals familiar with the case indicate that the transaction is worth hundreds of millions of dollars.
According to the release, the agreement represents the company’s biggest acquisition to date and increases its South American aspirations. According to reports, SeSocio is one of Latin America’s leading cryptocurrency enterprises, providing crypto savings and asset management services.
As part of the agreement, Blockchain.com will absorb the personnel of SeSocio, which has ambitions to develop brick-and-mortar locations in various South American countries, including Argentina, Brazil, and Colombia. According to the release, the purchase would increase Blockchain.com’s worldwide workforce to 400 individuals.
According to Blockchain.com, it intends to utilise SeSocio’s existing business network to provide clients in South America with simple access to crypto savings and investment products. As of November 30, according to data from the company’s website, there were around 80 million distinct Blockchain.com wallets. The business closed a $300 million Series C investment round in March, increasing its worth to $5.2 billion.
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